Exec’s quiet exit leaves no Klipsch atop speaker maker
Michael Klipsch, who stepped down in September as chief legal counsel and president of business development, had been with the indianapolis-based speaker maker nearly 20 years.
Greg Andrews
Articles
Horse commission follows through with ouster of director
The commission voted 4-0 to dismiss Joe Gorajec, who had held the post since the state legalized parimutuel wagering 25 years ago.
Beer wholesaler Monarch unrelenting in quest to enter booze biz
The company, the state's largest beer distributor, has argued in the General Assembly and in the courts for years to try to gain the right to enter liquor wholesaling.
Activist scores big with Ameriana-First Merchants bank merger
An activist investor from Illinois began scarfing up shares of Ameriana Bancorp in 2010. He soon pushed for a sale—a wish that was granted in June when the New Castle institution agreed to be acquired for $69 million.
The Interview Issue: David Contis
Simon Property Group executive David Contis says technology will enhance, not kill, bricks-and-mortar retail.
Simon proposing major Circle Centre revamp
Simon Property Group Inc. is proposing an estimated $20 million in improvements to Circle Centre mall, which spurred a downtown renaissance when it opened 20 years ago this month but now is showing signs of struggle.
Judge tosses lawsuit over Bank of Indiana’s flameout
The dismissal sidelines an array of allegations related to a soured purchase of bonds from prominent homebuilder Estridge Cos. and other transactions that went south.
Remy buyer played hardball leading up to $950M deal
Pendleton-based auto-parts maker Remy International Inc. did squeeze some extra cash out of its acquirer, Auburn Hills, Michigan-based BorgWarner Inc.—but not a lot.
Amazon Local turns tables on Angie’s List in legal fight
Amazon Local asserts in court documents that the tactics it’s accused of are customary in the home services “deals” industry and wholly appropriate.
Personal guarantees haunt Centre Properties founders
A Cincinnati bank that won a $2.1 million judgment on personal guarantees from Centre Properties founders Craig Johnson and James Singleton took the extreme action recently of having bank accounts frozen after the pair did not pay up.
Chicago insurer turns up heat in quest to collect $44M judgment
A Chicago company that won a massive judgment against Indianapolis businessman Alan Symons, his family and related companies accuses the 66-year-old of “hide-the-ball” conduct.
FROM THE ARCHIVES: Anthem’s path from laggard to leader
This 1992 profile of then-CEO L. Ben Lytle chronicles the evolution of the company—then known as The Associated Group—from a sleepy health insurer operating in only one state into an acquisitive, aggressive business with national ambitions.
Suit over Simon tactics details Ann Taylor arm-twisting
New York-based Ann Taylor has provided nearly 30,000 pages of documents in response to discovery requests related to why it signed a lease in 2006 to open a Loft store in a competitor's shopping center, only to reverse itself two years later and instead open at Simon Property Group's nearby University Park Mall.
How Biglari shielded himself from another proxy battle
Sardar Biglari was able to use shareholder money to boost his voting power to nearly 50 percent.
Resurgence of Eli Lilly is touching all corners of region
Central Indiana's economy is diverse, but Lilly is such a behemoth that its ups and downs reverberate statewide.
If only HHGregg could rewrite its stock-buyback history
The struggling appliance and consumer electronics retailer, must be suffering from a bout of buyer’s remorse these days after plowing more than $150 million into share repurchases over the past four fiscal years.
Durham may see little payoff from dismissal of two counts
When Judge Jane Magnus-Stinson sentenced Durham to 50 years in 2012, she said there was no point to handing down a sentence that was a multiple of his likely life span.
Hoosier manufacturers see big need to expand worker pipeline
Speakers at an IBJ breakfast on manufacturing and logistics said the public and private sectors must do more to get students thinking about manufacturing as a career and encouraging them to pursue the training they need to succeed in the field.
After swoon, Lilly Endowment climbs back over $10B
Assets in 2014 rose from $7.7 billion to $10.1 billion, a 31-percent surge. The value of the endowment now has nearly doubled since closing 2010 at $5.3 billion.
Fair Finance trustee reaches $3M settlement with National Lampoon
The deal would resolve a 2011 lawsuit accusing former Indianapolis businessman Tim Durham of using Fair Finance funds to prop up National Lampoon. He is a former CEO of both companies.